Nexstar Media And Fox Corporation Renew And Extend Multi-Year Affiliation Agreement; New Agreement Covers 29 Nexstar TV Stations Across The Country, Including Six Of The Nation's Top-20 Markets
Portfolio Pulse from Happy Mohamed
Nexstar Media Group (NXST) and Fox Corporation (FOXA) have announced a multi-year agreement renewing the FOX affiliations of 29 Nexstar-owned stations across the US, including those in six of the country's top twenty markets. The agreement also covers 12 stations that have shared services agreements with Nexstar. Financial terms were not disclosed.
September 05, 2023 | 12:02 pm
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POSITIVE IMPACT
The renewal of the affiliation agreement with Nexstar Media Group is positive for Fox Corporation as it ensures their content continues to reach a wide audience across the US.
The renewal of the affiliation agreement with Nexstar Media Group ensures Fox Corporation's content continues to reach a wide audience, which is likely to have a positive impact on their viewership and advertising revenues.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
The renewal of the affiliation agreement with Fox Corporation is positive for Nexstar as it extends their longstanding relationship and ensures continued coverage across multiple markets.
The renewal of the affiliation agreement with Fox Corporation ensures Nexstar's continued presence in multiple markets, which is likely to have a positive impact on their revenues and overall business stability.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100